Duke

Two months after rival Southern Company announced an acquisition driven largely by shale gas abundance, Duke Energy announced a friendly takeout of its Charlotte, NC, neighbor and Atlantic Coast Pipeline project partner Piedmont Natural Gas.

Duke Energy plans to buy its Charlotte, NC, neighbor and Atlantic Coast Pipeline project partner Piedmont Natural Gas in a $4.9 billion cash deal that it said would give it “a growing natural gas platform.” Including debt, the value of the deal is $6.7 billion.

North Carolina Gov. Pat McCrory signed a bill into law designed to help Duke Energy convert one of its coal-fired power plants in the state to natural gas…

North Carolina Gov. Pat McCrory signed a bill into law designed to help Duke Energy convert one of its coal-fired power plants in the state to natural gas, as the power giant moves forward with plans to excavate coal ash from 24 sites across the Carolinas.

Natural gas is the cornerstone of Duke Energy's newly announced plan to retire its Asheville, NC, coal-fired power plant within five years and modernize its power generation and transmission system in western North Carolina and upstate South Carolina.

Natural gas is the cornerstone of Duke Energy’s newly announced plan to retire its Asheville, NC, coal-fired power plant within five years and modernize its power generation and transmission system in western North Carolina and upstate South Carolina.

A team of researchers from five universities has found natural gas in drinking water wells in areas of shale gas production in Pennsylvania and Texas. They blamed the gas migration, in part, on nature but also on on faulty gas well casings. Hydraulic fracturing was not the culprit, they said.

In separate deals involving more than 5,000 MW of natural gas-fired electric generation capacity, Houston-based Dynegy Inc. said Friday it has signed definitive agreements worth $6.25 billion to buy 21 power plants and related businesses from Duke Energy and Energy Capital Partners (ECP).

Duke Energy Florida is planning construction of a 1,640 MW combined-cycle natural gas plant in Citrus County and two simple-cycle combustion turbine generators at its Suwannee Plant at Live Oak, FL.